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Northern Star produces 411Koz of gold in June quarter, achieves its full-year guidance

Kitco Media
By Vladimir Basov
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(Kitco News) - Northern Star Resources (ASX: NST), a senior global gold miner, reported today that the company produced 411 thousand ounces of gold in June quarter 2022, a decrease of 9% compared to June quarter 2021 (451 thousand ounces).

According to the company’s statement, the June quarter performance enabled Northern Star to meet its FY22 production and cost guidance, which was achieved despite a challenging environment over the past 12 months that elevated during the last quarter.

“Pleasingly, FY22 capital expenditure and exploration were lower than forecast. The strong fourth-quarter performance showcased the quality of the company’s assets to adapt to all environments. All three production centres achieved production guidance and demonstrated the capability for the Group to operate at 1.6Mozpa,” Northern Star said in its press-release.

Northern Star is a global-scale Australian gold producer that owns and operates three world-class gold production centres (Kalgoorlie, Yandal and Pogo), located in prospective geological settings in the low sovereign risk jurisdictions of Australia and North America.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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